faq
FAQ

Who is Genworth MI Canada?

Genworth MI Canada Inc., through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, has been the leading Canadian private residential mortgage insurer since 1995. Known as Genworth Canada, the Company provides default mortgage insurance to Canadian residential mortgage lenders that enables low down payment borrowers to own a home more affordably and stay in their homes during difficult financial times. Genworth Canada combines technological and service excellence with risk management expertise to deliver innovation to the mortgage marketplace.

Find out more under “About Us”.

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What insurance products do you offer?

We offer a single product, residential mortgage insurance, to mortgage originators and lenders.

Click here to find out more about our specific mortgage insurance products.

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How do you distribute your insurance products?

We work with more than 250 financial institutions across Canada, including the country’s six largest banks, to make homeownership more affordable and accessible for Canadians.

Our regional sales teams are supported by risk managers in each province, who have in-depth knowledge of the local economy and demographics. And our underwriters are trained to think outside the box and work with our customers to approve their files, while still adhering to our disciplined underwriting approach.

We maintain very high service standards for calls into our customer service centre – answering 97% of all calls in less than 20 seconds.

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Where is Genworth MI Canada’s stock listed?

Our common shares are listed on the Toronto Stock Exchange under the symbol “MIC”.

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What is the current percentage of public float?

The public float is currently 42.5% of the outstanding number of shares.

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What indices are the shares of Genworth MI Canada included in?

Effective September 2010, our common shares were included as part of the S&P/TSX Composite Index. Effective June 2012, our common shares were included in the Dow Jones Global Canada Index (DGCADOWA).

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What is the CUSIP for Genworth MI Canada common shares?

The Company CUSIP 37252B102 and its ISIN is CA37252B1022

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Who is Genworth MI Canada’s transfer agent?

Canadian Stock Transfer Company, Inc.
320 Bay Street, P.O. Box 1
Toronto, Ontario M5H 4A6
Tel: 416.643.5000
Fax: 416.643.5570

All inquiries related to address changes, elimination of multiple mailings, transfer of MIC shares, dividends or other shareholder account issues should be forwarded to the offices of Canadian Stock Transfer Company.

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Does Genworth pay a dividend?

Yes, we do. All information regarding our dividends, including record and payment dates, may be found under Dividend History.

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Do you have a dividend reinvestment plan, or DRIP?

No, we currently do not administer a DRIP plan. It’s possible that shareholders may have a separate arrangement through their respective broker.

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Are the dividends paid by Genworth MI Canada considered eligible dividends for Canadian tax purposes?

Yes, all dividends paid to Canadian residents or deemed for Canadian federal, provincial or territorial income tax purposes are designated “eligible dividends”, unless otherwise indicated.

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What is your relationship to Genworth Financial in the United States?

Genworth Financial in the United States holds a majority shareholder position of 57.4% of the common shares of Genworth Canada.

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Presentations

September 17, 2014 Brian Hurley presents at the CIBC 13th Annual Eastern Institutional Conference in Montreal
View this Presentation (Online)
Latest Presentation
July 30, 2014 Q2 2014 Earnings Conference Call Slides
View this Presentation (PDF 366 KB)

Share
Price

  • TSX
  • MIC
  • Price
  • Cours
  • 38.43
  • Change (%)
  • Variation (%)
  • -0.07 (-0.18%)
  • Volume
  • 135,829
September 2, 2014 - 3:59 PM ET Note: Minimum 20 minute delay